26 Dec 2018 /
by Unicapital Securities

FREE Special Report: Hoping for a New Year 2019 Stocks Rally?

PinoyInvestor’s Special Reports cover our partner brokers’ expert analysis on a range of topics affecting the stock market. These may include economic updates, sector analyses, upcoming IPOs, and more! Learn how you can use this report in the PinoyInvestor guide.

NOTE: This premium Special Report is given to you for free. Want to access all stock reports at a DISCOUNTED rate? Get PHP 600.00 discount when you subscribe to 1-Year Premium Access using the discount code NEWYEAR2019.

Simply type NEWYEAR2019 in the “Enter coupon code” field when you choose [Subscription Plan 1] * 1-Year Premium Access *. This discount code is valid only until January 4, 2019!

Our Partner Broker’s Recommendation

This week, while the Philippine stock market was closed for the holidays, the Dow Jones in the United States fell by almost 3% in one day and is currently down by 15% from November. The culprit behind the angst include:

a) the US Fed’s “hawkish” stance in 2019 despite a projected global economic slowdown due to US-China trade war;

b) talks of Trump looking to fire Fed Chair Powell (later clarified by the White House as not possible); and

c) the US government’s shutdown following Trump’s demand for border wall money

The risk-off mood rubbed off to other markets as the Nikkei entered the bear market, slipping by 5% yesterday. With a shortened trading week ahead, chances of a last minute rally for PSEi seems dim.

Note that the PSE index is already up by 9% since the bottom last Nov. 13 – one of the best performing markets this month. Thus, a move towards the 7,700 resistance this week due to year-end window-dressing activities may not be sustainable in the next few weeks as global markets remain frail.

We will thus look to Sell on any rally as we think it’s best to keep one’s powder dry coming in to 2019.

Upgrade today and get instant access to these other EXCLUSIVE PSE stock market reports:

This report is prepared by PinoyInvestor’s partner broker below. Sign up to this stock broker to avail of their complete trading brokerage services:

Unicapital Securities

Unicapital Securities is one of PinoyInvestor’s partners in delivering superior and reliable stock research reports that help Filipino investors make smart stock investing decisions! Learn more about them here.